Courtney Shan and her husband Steven planted their roots in Newcastle in 2016 and have just upgraded to a four-bedroom home near the water.
will chat to a recent home buyer about where they bought and why – as well as the practical details, such as how much the property cost, if they got what they wanted and just how hard the process was – to give readers a taste of what the current market is like.Steven and Courtney Shan with their son Lucas are packed and ready to move to their new home at Warners Bay.We’re both health professionals working in the Newcastle region.
We thought about moving back to Sydney, but we persisted with finding a home in Newcastle as we would only be able to afford a two-bedroom apartment in North Sydney, as compared to a house.After weeks of struggling to find a suitable home, we hired buyer’s agent Chad Dunn. He helped us figure out what homes actually met our needs and did the inspections and negotiations for us, which included some houses that were not listed.We ended up buying a four-bedroom two-bathroom house at Warners Bay.
Due to rising rates, if our pre-approval had expired, we wouldn’t have been able to afford the home we just bought. That would have forced us to wait or choose a home with compromises. Rising rates aside, we definitely wouldn’t have afforded the Warners Bay house if we hadn’t bought in Fletcher at the time. I think if we had stalled in buying our first home, we wouldn’t have had the equity to move to our new home.In seven years since we first bought our first home, prices have changed enormously in certain parts of the Newcastle region. In Fletcher, land prices have easily doubled from what we paid.
is the commercial property reporter for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Two charged with murder over 2022 Newcastle shooting deathDuring the investigation, a number of search warrants have been carried out, with items including guns seized for forensic examination.
Read more »
Crakanthorp was ‘knocking on doors’ over redevelopment his family could have benefited fromThe MP held many meetings as a minister over plans for a potential multibillion-dollar redevelopment in Newcastle that could have substantially improved the value of land held by his family.
Read more »
NSW premier unsure whether Hunter projects have been compromised by dumped minister's private interestsChris Minns says there are a 'vast' number of properties not disclosed as required by the code of conduct and he is concerned Newcastle MP Tim Crakanthorp may have used his public role to benefit his private interests.
Read more »
Chris Minns refers NSW minister to ICAC over family holdingsNSW Premier Chris Minns has expressed his disappointment after referring one of his cabinet ministers to the state's corruption watchdog just four months into the job. Sacked Newcastle MP Tim Crakanthorp failed to disclose that his wife and father-in-law owned dozens of properties in the Hunter.
Read more »
'Not another Sydney': 900k new homes planned for south east Queensland, most in existing urban areasDeputy Premier Steven Miles says the Queensland government is also setting a target for 20 per cent of new builds to be social or affordable housing. He says the government is supporting additional development in West End.
Read more »